LIMA, Peru— The clock has run out for an estimated 40,000 illegal gold miners who had until Saturday to legalize their status in a region of southeastern Peru where fortune-seekers have ravaged rainforests and contaminated rivers.» Read More
*China plans 6-8 big iron ore miners to rely less on imports. SHANGHAI, April 16- China's bid to slash its dependence on foreign iron ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore.
Nick Clarke, CEO of Central Asia Metals, discusses the company's earnings and what effect a low copper price would have on the company.
SYDNEY, April 16- Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale of Brazil.
SYDNEY, April 16- BHP Billiton is lifting its iron ore production this year to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from rivals in Australia and Brazil.
Paul Renken, chief geologist and mining analyst at VSA Capital, discusses mining stocks and the outlook for iron ore, after Rio Tinto posted an 8 percent drop in the metal's shipments.
President Obama said to President Putin during a phone call that Russia would have to face further sanctions if it continues its actions in Ukraine.
Simona Gambarini, associate director of research at ETF Securities, says gold price will remain supported due to heightened risks and discusses the outlook for platinum and palladium.
*Indonesia's export ban, Russia sanctions support. *Copper falls for 2nd day on China's demand woes. SINGAPORE, April 15- Nickel edged lower on Tuesday as the market took a breather after hitting a 14- month high in the previous session, supported by Indonesia's ore export ban and the prospect of tougher sanctions against Russia over Ukraine.
SYDNEY, April 15- Rio Tinto's iron ore shipments fell 8 percent in the first-quarter from the previous quarter due to weather-related disruptions in Australia and Canada, but the miner said it was on track to meet its full-year target.
SINGAPORE, April 15- Gold was trading near its highest in three weeks on Tuesday as heightened tensions between the West and Russia over Ukraine lifted the metal's safe-haven appeal. Palladium continued to hold near its highest since August 2011 on worries over supply constrains from Russia and South Africa, the top two producers of the metal.
SYDNEY, April 15- World number 2 iron ore producer Rio Tinto posted an 8 percent drop in first-quarter shipments compared with the previous quarter owing to weather-related disruptions in Australia and Canada.
Barrick Gold Corp. rose$. 21 or 1.1 percent, to $18.83. Gold Fields rose$. 03 or. 7 percent, to $4.08. Newmont Mining Corp. rose$. 18 or. 7 percent, to $24.41.
Arch Coal fell$. 04 or. 8 percent, to $4.84. Consol Energy Inc. rose$. 47 or 1.2 percent, to $40.58. Peabody Energy rose$. 03 or. 2 percent, to $17.00.
Hecla Mining Co. rose$. 11 or 3.5 percent, to $3.22. Pan American Silver Corp. rose$. 23 or 1.8 percent, to $13.33. Silver Standard Resources Inc. rose$. 16 or 1.6 percent, to $10.40.
*Separatist unrest spreads in Ukraine, boosting gold. NEW YORK/ LONDON, April 14- Gold rose to a three-week high on Monday as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge, while supply fears lifted palladium prices to a fresh 2-1/ 2 year peak.
Hecla Mining Co. rose$. 11 or 3.4 percent, to $3.21. Pan American Silver Corp. rose$. 30 or 2.3 percent, to $13.40. Silver Standard Resources Inc. rose$. 18 or 1.8 percent, to $10.42.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 32 or 1.7 percent, to $18.94. Newmont Mining Corp. rose$. 45 or 1.9 percent, to $24.68.
Arch Coal rose$. 01 or. 1 percent, to $4.89. Consol Energy Inc. rose$. 69 or 1.7 percent, to $40.80. Peabody Energy rose$. 10 or. 6 percent, to $17.07.
LONDON/ SINGAPORE, April 14- Nickel hit its highest in nearly 14 months on Monday on Indonesia's ore export ban, now in its third month, and on the prospect of tougher sanctions on Russia over its actions towards Ukraine. On Monday, it an hit an intraday high of $17,917 a tonne- its strongest since Feb. 19 last year- before retreating to $17,845 by 1432 GMT, up 2.56 percent.
Arch Coal rose$. 02 or. 4 percent, to $4.90. Consol Energy Inc. rose$. 42 or 1.0 percent, to $40.53. Peabody Energy rose$. 24 or 1.4 percent, to $17.21.